Solar Panel Cost Guide in Rye, NH (2023 Update)
- Rye Solar Installation Cost: $9,818
- 25-Year Savings: $15,182
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rye
Find out what the average cost of a solar system is in Rye.
In Rye, solar panels cost about 2.91 per watt on average. To cover the typical energy usage of the average home in Rye, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,818, or $14,040 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you choose to go with. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Rye find installing solar panels can pay off big.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Rye
| Year | Return on Investment |
|---|---|
| 1 years | $-8,818 |
| 3 years | $-6,818 |
| 5 years | $-4,818 |
| 7 years | $-2,818 |
| 9 years | $-818 |
| 11 years | $1,182 |
| 13 years | $3,182 |
| 15 years | $5,182 |
| 17 years | $7,182 |
| 19 years | $9,182 |
| 21 years | $11,182 |
| 23 years | $13,182 |
| 25 years | $15,182 |
Top Solar Installers in Rye
When making the switch to solar, many homeowners decide to go with a solar installation company since putting up a solar system yourself can be a difficult project. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Rye
Factors that Affect Solar Panel Costs in Rye
Although the average cost of a solar system in Rye is $9,818, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in Rye, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,910 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Rye, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Rye, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. Even though solar loans make going solar more accessible for Rye homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Rye, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.03 | $12,711 | $18,415 | 10.2 years |
| 8 kW | $2.97 | $16,622 | $24,879 | 10.0 years |
| 10 kW | $2.91 | $20,370 | $31,506 | 9.8 years |
| 12 kW | $2.85 | $23,955 | $38,296 | 9.6 years |
| 14 kW | $2.79 | $27,377 | $45,249 | 9.4 years |
| 16 kW | $2.74 | $30,636 | $52,365 | 9.2 years |
| 18 kW | $2.68 | $33,733 | $59,644 | 9.0 years |
| 20 kW | $2.62 | $36,666 | $67,085 | 8.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should choose, since different companies provide different panels.
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Rye, NH Solar Cost FAQs
How much does it cost to install solar panels in Rye?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Rye?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,037.51 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.